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Ebube Jones

1 Top Energy ETF to Invest in the AI Data Center Megatrend

ETF LP Natural Gas Wells Fargo Wes

The rapid expansion of artificial intelligence (AI) technologies is reshaping numerous industries, and one of the most significant impacts is being felt in the data center sector. As AI applications proliferate, the demand for data processing and storage capabilities is skyrocketing. 

This year, the global data center market is experiencing unprecedented growth, driven by the need for high-performance computing to support AI workloads. According to Goldman Sachs (GS), data center power demand is expected to grow by 160% by 2030, driven largely by AI's increasing computational requirements. This ramp is largely being driven by the increasing rack density in data centers, which is projected to rise from 8.5 kW per rack in 2023 to 12 kW per rack in 2024.

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